Energy Preview: US oil rig count up by 1, says Baker Hughes

The total number of active drilling rigs for oil and gas in the United States fell last week, according to new data that Baker Hughes published on Friday. The total rig count in the US fell by 1 rig, landing at 539, according to Baker Hughes, down 49 from this same time last year. The previous rig count, at 538, is the lowest point since December 2021. The number of oil rigs, however, rose by 1 to 411, although year over year this represents a 74-rig decline. The number of gas rigs fell by 1, coming in at 123 for a gain of 26 active gas rigs from this time last year. The miscellaneous rig count also lost a rig this week, after gaining one last week. The total number of active miscellaneous rigs is now 5.

Powered by Commodity Insights